Cyprus - Consumer Price Index (CPI)

For Cyprus, a detailed consumer price index (CPI) and Eurostat-type harmonized CPI (headline and 12 COICOP categories), and CPI by economic origin.

Consumer price index

Active:

• Product classification: ECOICOP ver.2
• Measurement: Fixed-base index relative to 2025 (Index 2025=100)
• Adjustment: Not seasonally adjusted (NSA)
• Native frequency: Monthly
• Start date: Uniformly 2019m1

Predecessors:

• ECOICOP ver.1, 2015=100 - 2015m1 to 2025m12
• 2005=100 - 2006m1 to 2015m12 ("_05")
• 1998=100 - 2000 to 2005
• 1992=100 - 1980 to 2011

Global concept alias:

• CPI

Harmonized index of consumer prices

Active:

• Product classification: ECOICOP ver.2
• Measurement: Fixed-base index relative to 2025 (Index 2025=100)
• Adjustment: Not seasonally adjusted (NSA)
• Native frequency: Monthly
• Start date: Uniformly 2018m1

Predecessors:

• ECOICOP ver.1, 2015=100 - {2002m1, 2014m1} to 2025m12
• 2005=100 - {2002m1, 2006m1} to 2015m12 ("_05")
• 1998=100 - 2003m1 to 2005m12 ("96")

Global concept alias:

• HICP

The source writes:

A consumer price index (CPI) is a measure of the average price of a fixed basket consumer goods and services purchased by households. It is one of several price indices calculated by national statistical agencies. The percent change in the CPI is a measure of inflation. The CPI can be used to index (i.e., adjust for the effects of inflation) wages, salaries, pensions, or regulated or contracted prices.

The CPI is a Laspeyres-type price index rather than a cost of living index.

The harmonized (harmonised) index of consumer prices (HICP) is produced for comparability across the EU.

Population coverage: Resident households and households that intend to live in Cyprus for at least one year.

Geographical coverage: Prices of goods and services in Nicosia, Larnaca, Limassol and Paphos. Prices are weighted by population.

Price coverage: Those actually paid by consumers for the purchase of specific goods and services, including the Value Added Tax and excise duties. Included are end-of-season sales prices and special offer prices available to the general public with no restrictions.

Product classification: COICOP. As of 2016, ECOICOP, which is identical at the upper four levels.

Weights of the HICP: Until 2011, based mainly on the Household Budget Survey. From 2012, based on National Accounts, per Eurostat regulation 1114/2010.

Weights of CPI by economic origin: Changed between the 1998 and 2005 bases, but not for the 2015 base.

Periodicity and punctuality

The CPI dataset is monthly. The headline CPI is followed by the CPI-H (about 5-12 days), and by the "CPI by economic origin" (5-8 days).

Moody's Analytics supplements

For both CPI and CPI-H, we back-extend the general index using its predecessors and/or IMF data. We seasonally adjust using the U.S. Census Bureau's X-13ARIMA-SEATS program.

The CPI, we back-extend to 1957m1, and the CPI-H, to 1996m1.

Monthly revisions: Unknown.

The index base period is advanced every fifth year. As of January 2016, the index base period changed from 2005 to 2015. CYSTAT does not publish past history under the new base.

Further reading

At the source:

• CPI
• HICP
• The full methodology
• Explanatory note re: weights
• CPI by economic origin

At Eurostat:

• Harmonised indices of consumer prices (HICP) » Overview

At IMF (SDDS):

• Price index: Consumer prices (Jan 2026)

• Sep 2005 - Initial version.
• Jun 2014 - Moody's Analytics supplements: back-extension, SA.
• Feb 2015 - Rebased to 2015.
• 11 Feb 2026, Phillip Thorne - CPI reclassified and rebased to 2025: Properties, Moody's Analytics supplements, Further reading.
• 14 Apr 2026, Phillip Thorne - HICP reclassified and rebased to 2025: Properties.